[Renowned Trader: If BTC Falls Below $60,000, It May Further Decline to Below $57,000 in August] BlockBeats News, August 14 – Renowned trader Killa posted that Bitcoin has been continuously declining leading up to August 14. The key now is whether it can maintain its current range and stay above $60,000. He believes that if BTC can continue to consolidate above $60,000, a potential short-term bottom may form near the current price range. On the other hand, if BTC falls below $60,000 and loses its current range, the likelihood of further declines for the remainder of August will significantly increase. If it breaks below $60,000 from its current position, it may further drop to below $57,000. Conversely, if BTC can maintain its structure after August 14 and regain stability above $61,000 to $62,000, he expects Bitcoin to potentially rebound within the range for the remainder of August. [Original Link]